Copper 3-Month Price Shifts Up 1.4%

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Rising 1.4 percent to close at $7,807 per metric ton, the copper 3-month price experienced the biggest change on the LME for March 14, 2013. Also on the LME, the cash price of primary copper inched up 1.3 percent to $7,777 per metric ton.

The price of US copper producer grade 122 saw a 0.7 percent decline to $4.14 per pound. The price of US copper producer grade 110 weakened by 0.7 percent, settling at $4.14 per pound. The price of US copper producer grade 102 fell 0.7 percent to $4.33 per pound. The cash price of primary Japanese copper saw little movement at JPY 640,000 ($6,664) per metric ton.

Chinese copper prices were mixed for the day. The price of Chinese copper wire declined 0.7 percent to CNY 56,585 ($9,106) per metric ton, after two days of improvement. The price of Chinese copper bar declined 0.7 percent to CNY 57,420 ($9,240) per metric ton. The cash price of Chinese copper declined 0.7 percent to CNY 57,620 ($9,273) per metric ton. The price of Chinese bright copper scrap held steady at CNY 46,850 ($7,539) per metric ton.